Proximus Balance Sheet Health
Financial Health criteria checks 2/6
Proximus has a total shareholder equity of €3.3B and total debt of €3.9B, which brings its debt-to-equity ratio to 118.8%. Its total assets and total liabilities are €11.2B and €7.9B respectively. Proximus's EBIT is €588.0M making its interest coverage ratio 6.3. It has cash and short-term investments of €716.0M.
Key information
118.8%
Debt to equity ratio
€3.92b
Debt
Interest coverage ratio | 6.3x |
Cash | €716.00m |
Equity | €3.30b |
Total liabilities | €7.85b |
Total assets | €11.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PROX's short term assets (€2.2B) do not cover its short term liabilities (€3.1B).
Long Term Liabilities: PROX's short term assets (€2.2B) do not cover its long term liabilities (€4.8B).
Debt to Equity History and Analysis
Debt Level: PROX's net debt to equity ratio (97.1%) is considered high.
Reducing Debt: PROX's debt to equity ratio has increased from 78.9% to 118.8% over the past 5 years.
Debt Coverage: PROX's debt is well covered by operating cash flow (41.3%).
Interest Coverage: PROX's interest payments on its debt are well covered by EBIT (6.3x coverage).